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"Yiwu, 300 kilometers away from Shanghai, is the largest market of petty commodity wholesales in the world where various foreign buyers go to place orders." Such a depiction comes from Chinese Figures Astonishing the World, a special report co-delivered by the United Nations, the World Bank and Morgan Stanley. In that special report, Yiwu is the only enlisted county economy. And in the choice of "the 2004 Most Favorite Chinese Cities of DomestQic and Foreign Public in 2004", Yiwu ranked the first among all county-level cities.

What's the reason that a county-level city located in the middle of Zhejiang Province has attracted so much attention of the public? It is a "world supermarket". 3,000 booths, 10 major exhibition halls, an exhibition area of 70,000 square meters, 1,700 participating enterprises from more than 20 foreign countries and 25 domestic provinces, municipalities and autonomous regions, 12,000 overseas merchants from 120 countries and regions?? Such are the latest records created by the 2005 Yiwu International Commodities Fair (hereinafter abbreviated as Yiwu Fair).

Usually, an army of over 200,000 purchasers send out commodities to 212 countries and regions at an average scale of more than 1,000 international standard containers there each day. In 2005, the trade volume of Yiwu exceeded US$20 billion with its container exports breaking through 400,000 each day.
Without an advantaged geographical location as well as abundant products, Yiwu's comprehensive development level ranked the 17th among the top 100 counties and cities and its urban competitiveness ranked the top among all county-level cities in Zhejiang in 2004. Its per capita GDP achieved US$5,000, its fiscal revenues RMB2.95 billion, and the per capita net incomes of rural residents there RMB6,969. More surprisingly, the possession volume of cars is 26 per hundred households.

Yiwu has developed its unique advantages. The over 100,000 dealers and 200,000 coming-and-going merchants in the market of petty commodities have constituted a huge selling group and a huge buying group respectively.

The construction of Yiwu International Trade City has absorbed the designing conception of large international business center. It's equipped with the central air-conditioning, elevated stereo transport network and wide band information network, realizing the standard property management of a three-star hotel. The trade city is also equipped with a special e-commerce system that offers a wide band access to each booth; over 40 percent of the dealers conduct their e-commerce and network television is also available; the website of China Petty Commodity Digital City invested over RMB10 million by the market developer designs web pages for all dealers for free, placing more than 50,000 booths onto the internet with the click rate exceeding 100,000 per day. The website is the largest in the world as far as the volumes of global members and commodities information are concerned, forming a new pattern of the co-development of both material and immaterial markets.

In recent years, there have planned and constructed foreign-oriented institutions such as customs, foreign exchange management and foreign business services center successively in Yiwu. At present, the city boasts 18 financial institutions and 286 financial net points; furthermore, the network payment system has been put into use successfully, thus building up primarily such systems as net shop, net purchase and net promotion.

Yiwu possesses five professional freight markets and opens freight business with over 250 big and middle cities and major international ports around the world. It has five parcel railway expresses and over 20 airlines as well as more than 600 companies engaged in domestic and overseas freight transportation. Eight out of the top 20 global shipping companies have set up their offices in Yiwu. Yiwu customs, established in 2002, provides a full coverage of services from commodity inspection to customs declaration, and it's one of the largest inland customs in China. The international logistic center has been cooperating with the Ningbo Port and Shanghai Port, thus realizing one-station customs clearance and shortening the circulating cycle of foreign trade goods greatly. By now, its function as an "inland port" has been starting to shape up.

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